Sanatana Resources (CVE:STA) Trading 31.7% Higher - Time to Buy?

Key Points

• Sanatana Resources Inc. saw a significant trading increase of 31.7%, reaching a trading price of C$0.79, up from the previous close of C$0.60.
• The company has a market capitalization of C$79.44 million and a P/E ratio of -78.00, indicating a negative earnings environment.
• Sanatana is currently engaged in acquiring and exploring mineral properties, including projects for copper and gold in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - ) traded up 31.7% during mid-day trading on Friday . The company traded as high as C$0.79 and last traded at C$0.79. 119,679 shares were traded during trading, an increase of 8% from the average session volume of 110,617 shares. The stock had previously closed at C$0.60.

Sanatana Resources Trading Up 30.0%

The stock has a market capitalization of C$79.44 million, a P/E ratio of -78.00 and a beta of 1.32. The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The business has a 50 day simple moving average of C$0.70 and a 200-day simple moving average of C$0.33.

About Sanatana Resources

Sanatana Resources Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for copper and gold. The company entered in an option agreement to acquire 80% interest in the Oweegee Dome project covering an area of approximately 31,077 hectares located in in Golden Triangle in British Columbia; and 100% interest in the Empress Property, as well as asset purchase agreement to acquire the Santoy Property comprising 32 cell mining claims covering an area of approximately 551 hectares located in in Ontario.

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